A validation issue related to hard link behavior was addressed with improved sandbox restrictions. This issue is fixed in macOS Big Sur 11.6.2, tvOS 15.2, macOS Monterey 12.1, Security Update 2021-008 Catalina, iOS 15.2 and iPadOS 15.2, watchOS 8.3. A malicious application may be able to bypass certain Privacy preferences.
The product attempts to access a file based on the filename, but it does not properly prevent that filename from identifying a link or shortcut that resolves to an unintended resource.